Re: Bitcoin is about to collapse this week

Please don't double post, quote within 1 post. It just creates spam on the forum. You should probably edit your previous post.

Quote from: bigtitsmomma on October 29, 2018, 06:35:07 AM

Quote from: Initscri on October 29, 2018, 06:25:46 AM

Don't know how you're planning on benefiting by spreading this fear, but the VOL looks pretty normal/standard to me: https://imgur.com/a/rwT2l4v

Volume is continuously below 4b for last many days... this hasn't happened in last 1 years (i.e. vol below 4b for many days)

you seriously dont find that odd??

Meet me here again when BTC is below 5.5k in 10 days .... and that is a very very conservative prediction... its gonna be worse.

But it's exactly that, a prediction. The volume has been lower before, and hasn't followed your prediction going forward. Markets are complicated, and anyone who states they 100% know the future of Bitcoin (or stocks, etc) are lying.

I'll touch base in 10 days and see what happens. I just think it's harsh to believe that BTC is going to crash simply due to a slightly lower amount of volume since 1 year ago. Bitcoin has been showing stability in the last bit, which IMO is important. A period with less volatility could be beneficial for Bitcoin.

Stability at better USD/BTC value and good volume would have been a good sign .... but right-now its exactly the opposite ....

Yeah... lets meet in 10 days

For sure, we'll touch base in 10 days. What percentage do you believe BTC is going to crash? If you were to speculate a percentage..

Touching back 8/9 days later. Haven't noticed a crash as of yet.

Like I said, this is purely just fear.

Quote from: bittraffic on October 29, 2018, 02:24:41 PM

I thought this dip is the result of the Canadian Exchange that was hacked. The exchange claimed all the funds were all gone, I have no idea the hacker had gone into that deep to withdraw all. I was able to read this news just today and few hours soon this sharp decline of value happen. These hackers are good that all the security measures they did for their exchange were by passed.

Which Canadian exchange are you speaking of? Only one I'm knowledgeable about is QuadrigaCX which wasn't hacked, but had a large percentage of their funds frozen by CIBC.